Plans for USD 600M casino alive as developers meet Mass. gaming commission deadline

After repeatedly extending deadlines, the commission last month gave KG Urban Enterprises a drop-dead deadline of 5 pm Tuesday to produce a signed "term sheet" with lead investor Gaming and Leisure Properties Inc. demonstrating that GLPI is on board with financing the project.

A KG spokesman said by email about 2 p.m. Tuesday: "KG Urban Enterprises has submitted a signed term sheet between it and GLPI to the Massachusetts Gaming Commission. (The term sheet itself, and the details of the term sheet, will not be released as has been the case with other applicants.)"

The Gaming Commission has not yet said whether it agrees the term sheet submission meets its requirements.

Gaming Commission spokeswoman Elaine Driscoll said: "Today KG Urban did submit requested documentation which is now under review by MGC's Investigations and Enforcement Bureau (IEB). The Commission will receive an update from the IEB on the overall Region C licensing process at MGC's next public meeting scheduled for June 11, 2015. "

KG is competing with George Carney's Brockton Fairgrounds for the one state license for a casino in southeastern Massachusetts. The bidding has been overshadowed, however, by uncertainty about whether the Mashpee Wampanoag tribe may get federal permission to build a tribal casino in Taunton, and talk of a possible casino in Tiverton, Rhode Island, just feet from the Fall River line.